Filed February 4, 2019
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,569 | $63,861-64.7% | $104,607-78.4% | $79,858-71.7% |
| Participation rate | 53.7% | 64.9%-11.2pp | 74.1%-20.4pp | 69.6%-15.9pp |
| Annual return | 18.62% | 21.30%-2.7pp | 340.46%-321.8pp | 31.71%-13.1pp |
| Employer contribution / active EE | $411 | $1,588-74.1% | $2,681-84.7% | $2,471-83.4% |
| Participant deferral / active EE | $3,369 | $2,693+25.1% | $3,740-9.9% | $3,740-9.9% |
| Admin fee / account holder | $1,101 | $4,185-73.7% | $6,473-83.0% | $5,306-79.2% |